CRE Jobs Soaring, Report Says

Job postings for the commercial real estate industry soared by 35% in the first quarter, and 60% of industry employers expect to increase hiring over the next six months, according to the first SelectLeaders Job Barometer report.Compiled jointly by SelectLeaders (an online CRE job board) and Cornell University's Program in Real Estate, the report also revealed a shortage of talent in some places. For example, New York and California are the "hottest areas for real estate finance jobs, but New York attracts twice as many applicants as California, which has led to a talent shortage on the West Coast," SelectLeaders said. The Southeast, led by Atlanta and Charlotte, N.C., had the fastest job growth of any region (60% in the first quarter), with the Midwest, led by Chicago, finishing second with 43%. "If the candidates are willing to pursue prospects in other states and sectors, they will broaden their options as well as their resumes, and with multisector jobs accounting for 46% of all postings nationwide, cross-sector experience makes a candidate extremely appealing," said Dr. David Funk, director of the Cornell RE program. The organizations can be found online at http://www.selectleaders.com and http://www.realestate.cornell.edu.